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On June 13, the average price of PVC 5 type domestic market was 581.
25 yuan / ton, up 1.
08% from the previous trading day and down 6.
23%
year-on-year.
At present, the futures high is declining, the spot market is following the downward, downstream procurement continues to maintain rigid demand, buyers and sellers negotiate cautiously, maintain a wait-and-see state, and the mentality of the industry is not good
.
Up to now, the price of raw calcium carbide is about 3750-4050 yuan / ton, and the price of PVC is 8250-8700 yuan / ton
.
After returning after the Dragon Boat Festival, the PVC market continued to rise, futures rushed above 8800, driving the spot market price to rise synchronously, domestic prices rose for many days, but the high-price transaction atmosphere was general, the downstream products industry started poorly, real estate was still weak, while exports weakened, demand recovery was less than expected, coupled with the decline in raw material calcium carbide prices, the cost side support declined, and under the bearish of many parties, PVC prices stopped rising and turning down in the middle and late of the week, and the market weakened
.
International crude oil, oil prices are still running at a high point, and the fundamentals of supply and demand have not changed much
.
This was mainly driven by a sharp rise in refined oil, and oil prices were supported by tighter supply expectations and demand growth
.
On June 10, international crude oil futures closed lower
.
The main contract of U.
S.
WTI crude oil futures settled at $120.
67 per barrel, down $0.
84 or 0.
69%; The main contract for Brent crude futures settled at $122.
01 a barrel, down $1.
06 or 0.
86%.
In terms of calcium carbide, in mid-June, the calcium carbide market or narrow range of shock decline.
The price of raw material blue charcoal rose slightly, and the cost support of calcium carbide was strengthened, but the downstream PVC market fell slightly, downstream demand weakened, and calcium carbide had insufficient upward momentum
.
The market predicts that calcium carbide prices in the northwest region may fall in a narrow range in mid-June
.
Overall, the current demand has recovered, but less than expected, the market trading is not good after the price of PVC futures rises, and it is expected that the PVC market will fluctuate downward in the short term
.
